Hongfa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hongfa Technology has a total shareholder equity of CN¥11.5B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥18.0B and CN¥6.5B respectively. Hongfa Technology's EBIT is CN¥2.3B making its interest coverage ratio 24. It has cash and short-term investments of CN¥2.6B.
Key information
27.3%
Debt to equity ratio
CN¥3.13b
Debt
| Interest coverage ratio | 24x |
| Cash | CN¥2.59b |
| Equity | CN¥11.50b |
| Total liabilities | CN¥6.54b |
| Total assets | CN¥18.04b |
Recent financial health updates
No updates
Recent updates
Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Apr 02
Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?
Mar 26Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings
Mar 13Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 600885's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 600885's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 600885's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: 600885's debt to equity ratio has increased from 25.7% to 27.3% over the past 5 years.
Debt Coverage: 600885's debt is well covered by operating cash flow (70.9%).
Interest Coverage: 600885's interest payments on its debt are well covered by EBIT (24x coverage).